Great news. NAS Insurance now offers sellers who sell on Amazon and other marketplaces insurance for losses related to account suspension. Business strategists always warn businesses "not to have their eggs in one basket", but online sellers often grow very reliant on marketplace selling which they can't control. It's well-known that account suspensions on a marketplace can even occur even if the seller made good faith efforts to do everything right. Sometimes it's just a matter of bad luck (e.g., having sold a perfectly good product to an irrational buyer or to a competitor posing as a customer). With many Texas International customers reselling wholesale perfume and wholesale beauty products on marketplaces, and while we have not read its exclusions (which is always a "must" with insurance policies), we strongly urge all online sellers to look into this insurance at https://nasinsurance.com/products/online-seller-protection/. Apparently, Llyod's of London (https://www.lloyds.com/ ) was the first entrant into this online seller suspension insurance market, but you seem to have to work through one of their many independent agents.
As a category wholesale beauty products are particularly challenging. Many consumers simply can't believe that they can buy genuine wholesale perfume at great prices. Department store employees sometimes help perpetuate this myth. So we believe all beauty sellers who buy authentic perfume and skin care at discount prices should seriously evaluate this new insurance. Please consult with your business insurance consultants and advisors to see if this online seller insurance is for you.
As a category wholesale beauty products are particularly challenging. Many consumers simply can't believe that they can buy genuine wholesale perfume at great prices. Department store employees sometimes help perpetuate this myth. So we believe all beauty sellers who buy authentic perfume and skin care at discount prices should seriously evaluate this new insurance. Please consult with your business insurance consultants and advisors to see if this online seller insurance is for you.
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